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Land, labour, privatisation: Big bang reforms soon, says NITI Aayog VC

Modi and his Bharatiya Janata Party (BJP) were last week declared landslide winners of India's general election with an increased majority in the Lok Sabha

Aftab Ahmed | Reuters  |  New Delhi 

In the first 100 days of Prime Minister Narendra Modi's second term, a slew of 'big-bang' economic reforms that should please foreign investors are likely to be pursued, according to a top official at the government's main think tank. The reforms will include changes in labour laws, privatisation moves, and creation of land banks for new industrial development, said Rajiv Kumar, vice chairman of NITI Aayog (National Institute for Transforming India), who reports directly to Modi. "They (foreign investors) will have reasons to be happy. You will see a slew of ...

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First Published: Fri, May 31 2019. 11:06 IST